Springfield daily republic. [volume] (Springfield, O. [Ohio]) 1887-1888, 1887-11-02
F ABOUT PAPER MONEY.
FRACTIONAL CURRENCY IN DEMAND
At TWENTY TIMES FACE VALUE.

FRACTIONAL CURRENCY IN oEMANr
At TWENTY TIMES FACE VALUE.
But Little Profit In Holding On to Con
federate scrip-The Continental Cur
rency-Issues of State Paper In Demand
by Collecyors.
IF an, of the holders Of confederate
money hops that it will eventually reach
par, "r anything like ii, as "a curiosity,
they Will have long time 10 wait. - said
veteran coin collector. The Continen-
tai currency issued by authority Of the
congress of the United States sells today
that Is considerable quantity of il
does-at less than cent on the dollar of
face value. The $50 bill issued under
resolution of May 10, l..5, can now be
bought for p cents. The So bill of the
same date is also worth % cents. In
other words, the face value Of the bill has
no relation whatever To its value as a
curiosity.
Probably the nearest that any Conti-
mental currency known to be for sale at
all comes 10 par is in the case of the 81
and 50 bills printed under resolution Of
congress at Yorktown April IL, 1878.
The 81 bill with boar and spear brings
- If in fine condition, and the S5 bill
with a hand and brush also S3 if in good
condition.
Certain very small bills. owing to COM
parative rarity, bring more than some bills
Of very high denominations.
"A great many r..anpl.. h,,-, Lrl.a -.
tenacionsiy TO the Continental currency, in
the expectation that it would be redeemed
at par, and every now and then somebody
sends on his collection to Washington
demanding payment. only to be met by q
rebun IN some form or another. Even
now the quantity of Continental money
IN the market is not unfrequently aug
mented from the hoard of some departed
veteran whose father or family may have
given full value for it in times long gone
by. and who has kept it sooner than part
with II for song as curiosity. The
heirs, however, having more practical
and less sanguine view of the subject. are
willing to let the stuff go at col.
lectors' rates, and the garret or trunk that
has known 1t for SO many years knows it
40 more"
slAIE ISSUES.
"How about the state issues of paper
money!
They are Of considerably more value.
rs rule, than the United States or Con.
limntai money, being much rarer, es
pecially If issued in the colonial period.
For instance, Connecticut five shilling
bill of 1s64 is worth 81; a one shilling and
threepence OF the same date is worth the
same amount; twopence of 1..7 is worth
s. jO, and so forth. The Delaware bills
many of which We're printed by Franklin,
IRE more common and less costly. Georgia
ssues are scarce and costly, $50 bill.
lowever being worth just the same as a
quarter of a dollar-S2 One of these.
which represents a tree forcing n milestone
Upward by its growth, is interesting and
the motto also alludipg to the
,rowth of the colonies, notwithstanding
he oppression Of England 1t would be
appropriate, just ut present, fol
roland. Maryland bills are not so rare.
"A claim for 1910 against the common
wealth OF Massachusetts, issued under
Of that state in January, 1850.
an be purchased for the moderate sum of
3. The treasurer Of the commonwealth
would, however, doubtless refuse to honor
If presented. On the other hand a
bill for twopence, with a
fllars and Goldfish design, but NO beans. is
iso worth g, which illustrates more
lainly, perhaps, than any other compari-
on, how utterly the matter of face value
} ignored in Revolutionary currency.
New York money of the revolution
rings quite fair figure, n bill signed by
abraham Brinckerhoff for half Spanish
lilled dollar, Sept. 2, 111j, being worth
=. Indeed, with the exception Of q few
. and SO issues, most New York money,
olonial and revolutionary, is worth more
han or about its face value Interesting
sues are those of the New York water
'orks, running from 1714 to 1916 inclu- |
i've. As curiosities these bills are worth.
4 sonse cases more than in others, close
D the original value. As to present val |
es, the New York issues present a favor
bic contrast to those of most other orici-
al states.
INTERESTING READING.
''For inscriptions North Carolina cur |
,ncy takes the prize. II King George |
rer got hold Of any of the currency of |
nat state it must have been interesting
'ading. 1t is, however, rather calcu-
tied TO arouse mixed feelings to see a SO |
il with the inscription American Union |
o.ever' going for fifty cents, while $40
III reminds Americans Of the cost of |
Freedom Of Speech and Lib |
,ty of the Press by a scale of just $50.
"A Virginia bill Of $500, issued for
rmy clothes, is worth only the moderate |
I'm of 81, while $500 bills of the same
set afloat in 1850, bring
My fifty cents apiece. A Virginia 81 900
ia Of 1881 is rated at from 81 to Sl.jO,
pl a 81, 600 bill Of the same year, but a
ter issue. is worth 81. 80 to g. Virginia
ppears to have gone in more heavily than
ny other state on bills Of large denomi-
atoms.
The worth Of Confederate money as a
-riosity, like that Of Continental cur
.ncy, bears no relation to its face value.
he possessor Of one of the very few
onfederate silver half dollars, struck of
Dout the beginning of the rebellion, rates
5 value At 81 600. On the other hand, a
onfederate 500 bill with a picture Of
jackson is worth Just twenty
We cents. \ 800 bill with the head Of
[rs. Jefferson DAVIS can be bought for
fty cents. There is not a Confederate
III in existence, whatever its face value,
orth more than 81. None of the state
sues of the Confederacy reach 81 in
,lue, although five and ten cent shin
asters Of Alabama, North Carolina and
1uth Carolina bring fifteen cents apiece
nong collectors.
In the dark days of the war even the
ost enthusiastic Unionist could hardly
ave anticipated that within n quarter Of
five cents of United States frac-
onal currency would be worth from fifty
nts TO 81, or from ten to twenty times
'e lawful value. Such. however, is The
ct as to the series of 1862. while certain
'ecimens Of all the issues are largely in
,mand at high prices. New York sun.
Hearts nj Greaf Men |